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Hollywood Bowl profits boosted by investment programme

by LLB Reporter
8th Oct 19 11:04 am

Hollywood Bowl Group shares have risen driven by new openings and refurbishments helped push profits ahead of expectations.

In the year to 30 September the entertainment firm expects pre-tax profits to to rise by more than 10%.

Revenue climbed by 7.7% and like-for-like revenue growth rose by 5.5%.

Stephen Burns, chief executive of Hollywood Bowl said, “I am delighted to report another year of strong financial and operational performance for the group.

“Our positive like-for-like revenue, with growth seen in all revenue streams, is underpinned by the consistent execution of our customer-led strategy.

“We continue to create value for all of our stakeholders, through the evolution of our great value family entertainment offering and returns generated on our investment in people and centres alike.”

In early morning trading shares rose by 1.8% to 231p.

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